Japan will approve the first stablecoin priced in yen, JPYC.



According to news from Hashi Chain, Jinshi reported that Nikkei News disclosed that Japan's Financial Services Agency will approve the country's first issuance of a stablecoin denominated in yen, JPYC, this month. The Financial Services Agency will register the fintech company JPYC Inc. as a remittance business company, and it is expected to start sales within a few weeks after registration. This digital currency will be backed by liquid assets such as government bonds to maintain its value stable at 1 JPYC = 1 yen.

#Cryptocurrency # Stablecoin #JPYC # Blockchain #FinancialServices
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